Business Secretary Vince Cable has admitted that the UK is still at risk of falling into a triple-dip recession.
Mr Cable told members of the ITV News Business Club: "Conditions are very difficult, the forecast that the Government has been given... suggests bumping along the bottom for a while but slow recovery."
He added that "there is a risk" of a triple dip and "conditions are not easy".
See a longer version of the interview on ITV News at Ten.
A local business leader is calling for more financial help for small businesses.
Ammar Mirza, Secretary-General of Asian BusinessConnections told ITV Tyne Tees that today's Queen's speech doesn't go far enough to helpbusinesses succeed.
The government's promised to cut red tape but he wants more financial help in the form of cuts to VAT and employers' National Insurance Contributions.
Jo Place, owner of a children's shoe business in Gosforth in Newcastle, has told ITV Tyne Tees about how some of the Government's measures in the Queen's Speech to help small businesses do not go far enough.
She says they need to cut business rates and force councils to scrap parking charges.